China: IFC to invest $100m in IPO-bound Penyao Environmental Protection

China: IFC to invest $100m in IPO-bound Penyao Environmental Protection

A youth cools himself off at a water fountain near Marina Bay in Singapore July 27, 2015. REUTERS/Edgar Su/Files

The International Finance Corporation (IFC), the private lending arm of World Bank, has proposed to invest $100 million in China’s Penyao Environmental Protection Co. Ltd to support its water and wastewater treatment (WWT) projects, said IFC in a disclosure on June 16.

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